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The macd dot does not repaint and we use the next bar for the entry in the dot direction....use the Schaff to time the exit....am I missing something? I like to put on the TS with 15 after the entry in the H1 EUR/USD and simply glance at the Schaff for getting out in adverse moves or for confidence to stay in. Only one trade per dot folks...
Try it!
ES
P.S. The Schaff standard indicator that was posted in the opening post is good enough and seems to fit well with the macd dot trigger, when used on the H1 with EUR/USD....Thanks for this Perky!
P.P.S. I was going to try and complicate this manual method...but cannot figure out how to do that...the two indicators is all that is needed...macd dot for entry and Schaff for exit....surely an EA can be made from this!
Quote:
Originally Posted by Traderlarry
This is what I have read, too. Even the MACD-dot will get you grilled in the long run.
Last edited by ElectricSavant; 08-30-2008 at 03:59 PM.
using the schaff trend in an ea will increase the cpu load considerably..... so much so that backtesting becomes a pain..... and in reallity, schaff is just another twist on the macd so you would be asking the macd to confirm the macd.... it might be better to use schaff based on the daily chart for confirmation......
most of those indicators are slight versions of a fast ma subtracted from a slow ma which is the idea behind the standard macd....
the russian indicators are using lowest and highest functions which of course those values can change within the indicators period.....
the macd dot, which is really just the macd, is using the 0 bar.... so the dot that may appear and dissapper on the last bar is kinda just a heads up.... if you think about it, that's a good thing.... advanced warning so to speak....
just shootin from the hip, i'd say for it to work over the long haul the schaff would have to be tied to the daily and not to the time frame your trading...... or better still, just use the daily macd tied to the daily for trend confirmation...... otherwise you get whacked too often......
basically it would be just a macd cross ea with some sort of trend confirmation......h
in the prior post the ea was using "rule 6" which was the macd dot being confirmed by the scahaff applied to the daily chart......
as a comparison, here is the same ea but this time "rule 1" has been selected which is the macd dot with the daily psar and daily stoch being used as confirmation.....
any type moving average based ea will need follow thru in order for it to work long term.... when the market is such that the price/moving averages continue to reflect off each other than cross with conviction , they will struggle....
the higher trend confirmation can help reduce those whipsaws but you still need follow thru....... or at least that has been my experence.....h
yes, as Joe mentioned - Schaff Kroufr mtf designed for trend partition - technical (trend) analysis (higher tfs shift, etc.etc)- more like ZZ, price channel - trend confirmation
though ini (base) adaptive period (Schaff) Cycle Krou (non mtf) http://www.forex-tsd.com/219287-post33.html - normal indi, 4 real time trade (and pretty good)
I've downloaded 3 indicators from you 1st post, however there are not any dots on my chart except indicators. Is ther any 4th indicator that puts dots (red or blue) to the chart?
Thanks in advance!
Linear Mode
